IMF new chief selection due June 30
Page 1 of 1 • Share
IMF new chief selection due June 30
[You must be registered and logged in to see this image.]
WASHINGTON: The International Monetary Fund's selection process for a new managing director will kick off with nominations Monday, and the final decision expected by June 30, the institution said late Friday.
"I am very pleased to announce that the Fund's Executive Board has adopted a procedure that allows the selection of the next managing director to take place in an open, merit-based, and transparent manner," A. Shakour Shaalan, dean of the IMF executive board, said in a statement.
The position was opened in extraordinary circumstances this week after the former head Dominique Strauss-Kahn resigned in the wake of a sex scandal.
An individual "may be nominated for the position of Managing Director by a Fund Governor or an Executive Director during a nomination period which shall commence on May 23, 2011 and will close on June 10, 2011," said the IMF.
The board's aim "is to select the managing director by consensus with the objective of completing the selection process by June 30, 2011."
French Finance Minister Christine Lagarde emerged Friday as Europe's choice to lead the IMF, getting a boost when a Turkish favorite ruled out his candidacy for the powerful job.
Even as leaders in emerging economies clamored for one of their own to take a job monopolized by Europeans since 1946, analysts called Lagarde the odds-on favorite to replace Strauss-Kahn after he stepped down to face sexual assault charges in New York.
Lagarde is "practically a shoo-in" as the European Union's candidate to succeed Strauss-Kahn, an EU source said. (AFP)
WASHINGTON: The International Monetary Fund's selection process for a new managing director will kick off with nominations Monday, and the final decision expected by June 30, the institution said late Friday.
"I am very pleased to announce that the Fund's Executive Board has adopted a procedure that allows the selection of the next managing director to take place in an open, merit-based, and transparent manner," A. Shakour Shaalan, dean of the IMF executive board, said in a statement.
The position was opened in extraordinary circumstances this week after the former head Dominique Strauss-Kahn resigned in the wake of a sex scandal.
An individual "may be nominated for the position of Managing Director by a Fund Governor or an Executive Director during a nomination period which shall commence on May 23, 2011 and will close on June 10, 2011," said the IMF.
The board's aim "is to select the managing director by consensus with the objective of completing the selection process by June 30, 2011."
French Finance Minister Christine Lagarde emerged Friday as Europe's choice to lead the IMF, getting a boost when a Turkish favorite ruled out his candidacy for the powerful job.
Even as leaders in emerging economies clamored for one of their own to take a job monopolized by Europeans since 1946, analysts called Lagarde the odds-on favorite to replace Strauss-Kahn after he stepped down to face sexual assault charges in New York.
Lagarde is "practically a shoo-in" as the European Union's candidate to succeed Strauss-Kahn, an EU source said. (AFP)
Rao Muhammad Aftab- Monstars
-
Posts : 1091
Join date : 2011-02-11
Age : 35
Similar topics
» ~Bachelor Course Selection~
» Gender selection
» Wasim 'puzzled' by Pakistan selection
» CIA chief to brief lawmakers on Osama
» Ban Ki-moon gets second term as U.N. chief
» Gender selection
» Wasim 'puzzled' by Pakistan selection
» CIA chief to brief lawmakers on Osama
» Ban Ki-moon gets second term as U.N. chief
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sat May 04, 2024 11:49 am by ali001
» house disrepair claims
Thu May 02, 2024 4:29 pm by Ibad Khan Buledi
» Bounce n Bang: Physics puzzler
Thu May 02, 2024 11:39 am by ali001
» AIChatSY - AIChatbot Assistant
Wed May 01, 2024 10:48 am by ali001
» Storybook Magic App
Tue Apr 30, 2024 7:06 pm by ali001
» Flower Book Match3 Puzzle Game
Tue Apr 30, 2024 12:17 pm by ali001
» Avian Influenza Symptom in Chickens "Bird Flu H5N1 Virus" Vet learning materials, Poultry Farming
Sat Apr 27, 2024 9:57 am by Ibad Khan Buledi
» Aloha Planner - Note-Taker
Thu Apr 11, 2024 4:52 pm by ali001
» Streaming Guide Film TV Series
Tue Apr 09, 2024 9:39 pm by ali001